Bitcoin, Ethereum, XRP, Dogecoin Trade Sideways As Trading Volume Decreases

Cryptocurrency markets are trading sideways on Monday morning as markets await tariff-related news.

Cryptocurrency	Ticker	Price
Bitcoin	BTC/USD	$108,728.80
Ethereum	ETH/USD	$2,561.25
Solana	SOL/USD	$152.46
XRP	XRP/USD	$2.29
Dogecoin	DOGE/USD	$0.1712
Shiba Inu	SHIB/USD	$0.00001175

Notable Statistics:

IntoTheBlock data shows Bitcoin's large transcation volume and daily active addresses increasing by 3.9% and 6.5%, respectively.
Coinglass data shows 61,019 traders were liquidated in the past 24 hours for $179.64 million.
SoSoValue data shows net inflows of $601.9 million into spot Bitcoin ETFs on July 3, while spot Ethereum ETFs saw net inflows of $148.6 million.

Trader Notes: Crypto trader Rekt Capital highlighted that Bitcoin just posted its highest-ever weekly close, breaking through a key resistance level. A successful retest could trigger a breakout toward new all-time highs.

#BTC

Bitcoin has done it

Bitcoin has just about Weekly Closed above the final major Weekly resistance (red), registering its highest ever Weekly Close

The goal for Bitcoin now is to turn this final resistance into support to springboard price to new All time Highs$BTC… https://t.co/6VY0T7M0kb pic.twitter.com/jjkJneczPz
— Rekt Capital (@rektcapital) July 7, 2025

Despite the gains, Glassnode data shows signs of a summer slowdown, with spot volume at $5.02 billion and futures volume at $31.2 billion, both at their lowest in over a year and continue to decline.

Crypto McKenna turned bullish on Ethereum, noting bearish sentiment as a contrarian signal. He cited mass removals of ".eth" from X usernames and emphasized Ethereum's dominance in stablecoins. He expects the Genius Act to fuel on-chain activity and push ETH well above $3,000.

His conclusion that “hated assets have hated rallies,” suggests that negative sentiment could fuel a sharp upside.

CryptosBatman pointed to strong support and surging demand for tokenized stocks on-chain. Wallets tied to these assets jumped from 4,400 to over 33,000 in 48 hours, suggesting large-scale accumulation and bigger moves ahead.

Dogecoin is forming a double bottom, with Trader Tardigrade setting an upside target of $0.476.

Meanwhile, XRP is approaching a key selling wall, and trader CW predicts a breakout attempt is imminent.